MetLife, Inc. (NYSE:MET) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,331 shares of the financial services provider’s stock after selling 5,153 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MetLife were worth $5,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MET. GoalVest Advisory LLC lifted its holdings in MetLife by 73.3% during the first quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 165 shares in the last quarter. Bank & Trust Co acquired a new stake in MetLife in the 2nd quarter worth about $39,000. Rise Advisors LLC increased its stake in MetLife by 114.7% during the 1st quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock worth $41,000 after buying an additional 297 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of MetLife by 602.5% in the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 482 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MET. Jefferies Financial Group raised their price objective on MetLife from $83.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lowered their price target on shares of MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Morgan Stanley cut their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Barclays assumed coverage on MetLife in a report on Wednesday, September 4th. They set an “overweight” rating and a $91.00 target price on the stock. Finally, Wells Fargo & Company lifted their price objective on MetLife from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.54.

MetLife Price Performance

Shares of MET opened at $80.85 on Friday. The firm has a 50-day simple moving average of $74.66 and a two-hundred day simple moving average of $72.62. The stock has a market cap of $57.49 billion, a PE ratio of 27.78, a P/E/G ratio of 0.61 and a beta of 1.04. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $81.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that MetLife, Inc. will post 8.67 EPS for the current year.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 6th were paid a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $2.18 annualized dividend and a dividend yield of 2.70%. MetLife’s dividend payout ratio (DPR) is 74.91%.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.